Tata Punch led the pack in FY2024 with a 68% market share in this segment.

The Tata Punch sales have crossed the 4 lakh unit mark in just 34 months, becoming the fastest among SUVs to reach this milestone.

The Punch was launched in October 2021. The first 1 lakh units were sold in 10 months and sales doubled in the next 9 months. By December 2023, Tata Motors had sold 3 lakh units of the Punch.

The compact SUV has been topping the sales charts from January to June 2024, beating some of the most popular models from Maruti Suzuki. The sub-compact SUV segment witnessed a growth of 75% year-on-year. Tata Punch led the pack in FY2024 with a 68% market share in this segment.

The Tata Punch is available with a 1.2-litre, 3-cylinder petrol engine paired with a 5-speed manual and a 5-speed AMT. It also has CNG variants, featuring Tata's dual-cylinder CNG technology.

According to Tata Motors, CNG variants contributed to 30% incremental growth of the overall Punch brand. On the other hand, the Punch.ev has a market share of 17.7%. In terms of overall sales, the petrol variant contributes 53% to the overall Punch sales, followed by 33% by its CNG variant and 14% by its EV variant (CY24).

Hyundai has sold over 10 lakh units of the Creta since it was launched in 2015.

Hyundai has sold over 1 lakh units of the 2024 Creta in India. The milestone was achieved in merely 6 months. 

The latest iteration of the Hyundai Creta was launched in January this year. The SUV is available in seven trims. The sporty N Line version of the Creta is also available in India.

The Creta facelift is available with three engine options, including a 1.5-litre petrol engine that makes 113 BHP and 144 Nm, paired with a 6-speed manual or CVT; a 1.5-litre diesel that puts out 114 BHP and 250 Nm, offered with a 6-speed manual or 6-speed automatic and a 1.5-litre turbo-petrol that produces 158 BHP and 253 Nm, that is available with a 7-speed dual-clutch automatic.

The Creta N Line is powered by a 1.5-litre turbo-petrol engine, producing 158 BHP and 253 Nm. The engine is paired with a 6-speed manual and a 7-speed dual-clutch automatic transmission with paddle shifters. 

The Creta was first launched in 2015. Since then, Hyundai has sold over 10 lakh units of this compact SUV.

In FY2025, Maruti Suzuki has sold 27,066 units of the Grand Vitara till now.

Maruti Suzuki Grand Vitara sales have crossed the 2 lakh unit milestone in less than 2 years since its launch.

The new Grand Vitara was launched in the Indian market in September 2022. According to data shared by the Society of Indian Automobile Manufacturers (SIAM), Maruti had sold 1,99,550 units of the Grand Vitara by the end of June 2024. 

The first 1 lakh units of the Grand Vitara were sold in just 12 months following its launch, making it the fastest midsize SUV to achieve this milestone. The next 1 lakh units were sold in just 10 months. 

In FY2023, Maruti sold 51,315 units of the Grand Vitara. In the following fiscal, this figure rose to 1,21,169 units. In FY2025, the carmaker has sold 27,066 units till now.

The majority of the cars sold included SUVs like the Cayenne and Macan.

Porsche India’s retail sales increased by 40% in the first half of this year. The German sports car maker sold 489 units between January and June 2024.

The majority of the cars sold included SUVs like the Cayenne and Macan. 306 SUVs and 93 units of the 911 sports car were sold during this period, while the 718, Panamera and Taycan accounted for 90 units.

Porsche plans to launch three new models in the second half of this year. These include the Cayenne GTS, Panamera GTS and the new 911. Deliveries will commence in Q4 of 2024.

Manolito Vujicic, brand director of Porsche India said, “The desire to own a Porsche in India continues to grow and we are elated to see that the first half of 2024 has been our best ever.”

The Punch, Swift, Creta, Ertiga and Baleno were top 5 best-selling cars of June 2024.

The Tata Punch is back on top as the highest-selling model in June 2024. According to the data shared by the Society of Indian Automobile Manufacturers (SIAM), 3.7 lakh cars were sold last month, with the top 4 highest-selling models being the Punch, Swift, Creta and Ertiga.

Tata Motors sold 18,238 units of the Punch, followed by the Swift with 16,422 units. The Hyundai Creta clocked 16,293 units of sales in June 2024, while the Ertiga recorded 15,902 units.

Maruti Suzuki continues to dominate though with six of its models making it into the top 10. The carmaker sold 14,895 units of the Baleno, 13,790 units of the WagonR, followed by the Dzire and Brezza with 13,421 units and 13,172 units respectively.

The Tata Punch had been topping the sales charts for a few months, before the Maruti Suzuki Swift took the crown in May 2024. Swift sales dropped by 16% M-o-M in June.

Source: ET Auto

Passenger vehicle sales went down by 6.77% compared to the previous year.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales grew by 0.73% in June 2024 compared to the same month last year.

Overall sales for the month of June 2024 stood at 18,95,552 units, compared to 18,81,883 units in June 2023.

Tractor sales dropped by 28.36%, from 99,148 units in June 2023 to 71,029 units last month.

Two-wheeler sales went up by 4.66% to 13,75,889 units from 13,14,628 units in June 2023.

Three-wheeler sales were up by 5.10% in June 2024. 94,321 units were sold, compared to 89,743 units in June 2023.

Passenger vehicle sales went down by 6.77% compared to the previous year. 2,81,566 units were sold last month, compared to 3,02,000 units in June 2023.

Commercial vehicle sales dropped by 4.74%. 72,747 units were sold in June 2024, compared to 76,364 units in the previous year.

Passenger vehicle sales experienced a notable decline last month. Inventory levels reached an all-time high, ranging from 62 to 67 days. Despite improved product availability and substantial discounts aimed at stimulating demand, market sentiment remains subdued due to extreme heat resulting in 15% fewer walk-in’s and delayed monsoons.

The Wagon R makes up 11% of Maruti Suzuki’s total passenger vehicle sales.

The Maruti Suzuki Wagon R, one of the most popular hatchbacks in the Indian market, has surpassed cumulative sales of 1 million units.

Maruti Suzuki introduced the current iteration of the Wagon R in 2019. It remained the best-selling model in India in FY2024, with 2,00,177 units sold. In the first quarter of FY2025, Maruti dispatched 46,312 units of the Wagon R, taking the cumulative sales of the current model to 10,06,413 units.

The Wagon R makes up 11% of Maruti Suzuki’s total passenger vehicle sales. It regularly outsells models like the Baleno, Brezza and Ertiga. Since its launch in 1999, Maruti has sold over 30 lakh units of the Wagon R.

The Wagon R shares its platform with the Celerio, another popular small car in Maruti’s lineup. It is available in 9 variants, with petrol and CNG powertrain options. Prices start at Rs 6.37 lakh (ex-showroom).

The Maruti Wagon R is powered by a 1.0-litre, 3-cylinder petrol engine that produces 67 BHP and 90 Nm and a 1.2-litre, 4-cylinder petrol unit that puts out 88.5 BHP and 113 Nm.

Source: Autocar India

The BMW X1 was the most popular SUV and the 3 Series the most popular sedan.

BMW Group India has posted its highest-ever half-yearly sales. In H1 2024, (January-June) the carmaker delivered 7,098 cars, which included 6,734 BMWs and 364 Minis.

According to the company, car sales increased by 21% in the first half of the year. This could be attributed to a high demand for SUVs, luxury cars and EVs.

397 units of the electric BMW and Mini cars were sold in the first 6 months, with the BMW i7 leading the pack. The carmaker has sold over 2,000 EVs in India till date. The iX is the most popular with over 1,000 units sold.

BMW registered a 17% growth in luxury vehicle sales. High-end luxury models contributed 18% to the total sales, with the X7 being the highest-selling model.

BMW SUVs make up 54% of the brand’s total sales, posting a growth of 24%. The X1 was the most popular SUV, accounting for 19% of the sales, while the 3 Series was the most popular sedan with a 17% share.

The brand’s 2-wheeler division, BMW Motorrad, registered sales of 3,514 units during the same period.

EVs will make up 3-4 lakh units, which is still 4 times higher than the current annual sales of 73,000 units.

Tata Motors has revised its EV sales target due to the slowing growth in the segment. During a recent event, the company said that EVs will now contribute 30% of total volumes by 2030 and not 50% as forecasted earlier.

Tata Motors estimates the Indian passenger vehicle market will breach the 6-million-unit mark by FY2030. The carmaker is aiming for a market share of 18-20%, which is about 1-1.2 million annual sales. EVs will make up 3-4 lakh units, which is still 4 times higher than the current annual sales of 73,000 units.

Tata Motors’ EV sales have been hovering around 5,500-7,500 units for the last few quarters. The carmaker sold fewer EVs in April and May of FY2025 compared to the previous fiscal. This could be an indication of a slowing market.

On the other hand, CNG vehicle sales are estimated to grow in the years to come. At present, CNG contributes 15% of the total passenger vehicle sales. Tata expects this to reach 25% by the end of this decade.

The share of EVs is also expected to rise from the current 2% to 20%, which is why Tata plans to increase its investment in its EV business. The carmaker plans to invest Rs 16,000-18,000 crore by FY2030.

Currently, Tata Motors’ EV range includes the Tiago.ev, Tigor.ev, Punch.ev and Nexon.ev. The company has also lined up two new models – the Curvv EV and Harrier EV.

Source: Autocar India

The Swift was introduced in the Indian market back in May 2005.

The Maruti Suzuki Swift has achieved a new sales milestone of 3 million units in India.

The Swift was introduced in the Indian market back in May 2005. Since then, it has been one of the most popular hatchbacks in the country. Sales crossed the 1 million unit mark in November 2013 and surpassed 2 million units in May 2018.

This year, Maruti Suzuki launched the fourth-generation Swift in India. The new model is available with a 1.2-litre 3-cylinder Z-Series petrol engine that produces 80 BHP and 112 Nm. The engine is paired with either a 5-speed manual or a 5-speed AMT.

The new Swift is available in five variants: LXi, VXi, VXi (O), ZXi, and ZXi+, with prices starting at Rs 6.49 lakh (ex-showroom).